Older Homes Rising in Popularity Among Younger Buyers

More Americans are purchasing older homes. According to new research from the National Association of REALTORS®, the average age of previously owned homes sold was 28 years. In 2011, the average age of homes sold was just 18 years.

Younger buyers, especially, gravitated towards older properties, with 11% of younger millennials (aged 26 to 35) purchasing "fixer-uppers". In contrast, only 3% of buyers over the age of 66 did the same.

Source: magazine.realtor

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